Latin America: The next fastest growing aviation market
According to the FAA in its latest 20 year aviation forecast, the Latin American region will experience an expected and significant growth of 4.5% per year by 2034. As seen on the latest Data Insight Business Aviation Report 2015 (FlightGlobal/Innovata). Global Fleet Distribution by region depicts clearly that Latin America’s growing aviation industry has become the second biggest contributor with 15% (Jets 2,467 – Turbopropos 1,781) and has overtaken within the last 5 years